Lucas Laudick Lucas Laudick

Hobby or Business? Why It Matters at Tax Time

You may think the money you earn from a personal project, a hobby or freelance work doesn't count as business income, especially if you haven't formally set up a business. But the IRS may see things differently. Click through to learn how to assess your activity so you can avoid surprises at tax time.

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Lucas Laudick Lucas Laudick

OBBBA and Pass-Through Entities

Do you own a business structured to allow profits to "pass through" to your personal tax return? If so, the One Big Beautiful Bill Act reshapes how you and millions of small and midsize businesses are taxed. Click through to see what these changes mean, why they matter and how they could affect your company's bottom line.

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Lucas Laudick Lucas Laudick

Understanding the New Tax Break for Overtime Pay

Thanks to a new federal income tax deduction provided by the One Big Beautiful Bill Act, many workers who put in extra hours will be able to keep more of their earnings. Click through to see who qualifies, how much could be saved and what the limits are.

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